![First tranche of financial aid for flood-ravaged Thessaly residents, businesses announced by gov’t on Sunday](https://www.ot.gr/wp-content/uploads/2023/09/photo_2023-09-10_19-31-07-768x428-1.jpg)
The Greek government on Sunday evening announced a major relief package for flood-stricken residents and businesses in the central Thessaly province, which was battered by record-breaking rainfall earlier in the week.
Greek PM Kyriakos Mitsotakis himself made the announcement from Larissa, the biggest city in the Thessaly plain, the area considered as the country’s “bread basket”. Among others, Mitsotakis said damages incurred by farmers and stockbreeders will be covered by the national organization of agricultural insurances (ELGA).
Additionally, as previously reported by ot.gr, the Greek premier will travel to Strasbourg on Tuesday at the head of a government delegation for talks with EU Commission President Ursula von der Leyen.
Mitsotakis said the meeting will focus on seeking assistance from the EU to cover the extensive weather-related damages in central Greece.
In detailing the relief measures, other Cabinet members referred to the opening of a specific online platform, on Monday, to field requests for emergency housing assistance, of up to 10,000 euros, ad initial assistance for affected businesses, of up 4,000 euros, including stockbreeding and livestock units. Assistance of up to 6.600 euros will be allocated for household appliances and furnishings of flood-damaged residences.
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Greek Islands and Piraeus Remain Cruise Hotspots Despite Earthquakes](https://www.ot.gr/wp-content/uploads/2023/02/Piraeus_cruise_1-600x382.jpg)
Greek Islands and Piraeus Remain Cruise Hotspots Despite Earthquakes
A total of 918 cruise ship arrivals have already been scheduled for 2025, with 714 of them designating Piraeus as their home port
![Athens Hotels See Strong Growth in Bookings and Prices](https://www.ot.gr/wp-content/uploads/2025/02/Athens-hotels-600x337.jpg)
Athens Hotels See Strong Growth in Bookings and Prices
Hoteliers point out that this success is being achieved despite the competition from short-term rental services like Airbnb.
![Greece Launches Microfinance Fund to Support Small Businesses](https://www.ot.gr/wp-content/uploads/2025/02/stournaras-mikropistwseis-600x400.jpg)
Greece Launches Microfinance Fund to Support Small Businesses
The Microfinance Fund will offer interest-free financing at a rate of 60% for general entrepreneurship and 75% for female entrepreneurship, with microfinance institutions providing the remaining 40% or 25%.
![Study: Greece’s Economic Growth Threatened by Labor Shortages](https://www.ot.gr/wp-content/uploads/2023/11/45_p14.2_img-1-600x398.jpg)
Study: Greece’s Economic Growth Threatened by Labor Shortages
In its analysis, Capital Economics cites three factors as the reasons why it does not anticipate Greece’s employment significantly increasing in the coming years.
![Goldman Sachs Optimistic on Greek Banks, Sees Valuation Improvement](https://www.ot.gr/wp-content/uploads/2025/02/Goldman-Sachs-600x400.jpg)
Goldman Sachs Optimistic on Greek Banks, Sees Valuation Improvement
Goldman Sachs downgrades Eurobank to "Neutral" from "Buy" due to its valuation, trading at 1x price-to-tangible book value (P/TBV).
![Greek Tax Authorities Target Tax Evasion via Lifestyle Audits](https://www.ot.gr/wp-content/uploads/2025/02/shutterstock_2347095029-scaled-1-600x400.jpg)
Greek Tax Authorities Target Tax Evasion via Lifestyle Audits
Audit teams use advanced algorithms and risk analysis to conduct lifestyle audits and identify taxpayers suspected of concealing undeclared income.
![Giannis Antetokounmpo Invests in AI Video Production Platform](https://www.ot.gr/wp-content/uploads/2023/02/giannis-antetokounmpo-600x337.jpg)
Giannis Antetokounmpo Invests in AI Video Production Platform
The platform, founded in 2021 by Victorien Tixier and Xavier Green, automatically tags and organizes content, allowing teams to speed up distribution to broadcasters, sponsors, and even the athletes themselves
![Greece’s Industrial Production Rises 5.8% in December](https://www.ot.gr/wp-content/uploads/2025/02/Industrial-production.jpg)
Greece’s Industrial Production Rises 5.8% in December
For the entire year, the average General Index of Industrial Production increased by 5.2% in comparison to the corresponding period in 2023.
![Study Shows Athens Traffic Congestion Up](https://www.ot.gr/wp-content/uploads/2023/09/traffic-332857_1280-600x400.jpg)
Study Shows Athens Traffic Congestion Up
On average, car drivers and their passengers who venture out onto Greater Athens’ roads will spend roughly half an hour in the vehicle to cover a distance of 10 kilometers
![Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System](https://www.ot.gr/wp-content/uploads/2025/02/2025-02-07T223323Z_1406125441_RC24JBAKMTGM_RTRMADP_5_ELON-MUSK-JP-MORGAN-600x389.jpg)
Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System
Judge blocks Elon Musk’s team from Treasury access over security risks and potential misuse of federal payment data.